The original Capital Requirements Directives (2006/48 and 2006/49) have been replaced by a new legislative package known as “CRD IV”. The package, which applies from 1 January 2014, includes a regulation (CRR) and a directive (CRD IV). This is the third set of amendments to the original directives, following two earlier sets of revisions adopted by the Commission in 2008 (CRD II) and 2009 (CRD III).
The new capital requirement rules (CRR/CRD IV) provide for the adoption of a large number of delegated and implementing acts to specify how competent authorities and market participants shall comply with the obligation laid down in the regulation and the Directive.
- Repealed legislation: CRD I, CRD II and CRD III packages
- Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast); and
- Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions (recast)
- Directive 2002/87/EC of the European Parliament and of the Council of 16.12.2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate